Brief: LV firm posts loss, lays off 180

Mego lost $740,000, or 4 cents per share, an improvement from the $1.4 million, or 6 cents, lost in the 1997 quarter. Revenues increased from $16.1 million to $16.9 million. The company attributed the improvement, in part, to an income tax benefit of $381,000.

Mego develops timeshare resorts under the Ramada Vacation Suites brand, and provides timeshare purchase financing through its Preferred Equities Corp. subsidiary. The company also owns Central Nevada Utilities, which serves the Pahrump area.

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